Ce diaporama a bien été signalé.
Nous utilisons votre profil LinkedIn et vos données d’activité pour vous proposer des publicités personnalisées et pertinentes. Vous pouvez changer vos préférences de publicités à tout moment.
National Savings Certificate (NSCs)
or Sanchayapatra
It is a financial instrument that is issued by BD Govt, not the
Bangl...
People must need Identity Document to buy NSCs & also photos. NSCs
are available in the Banks, Saving Bureau & Post Office...
The above data are caparisoned after analyzed. The details of these 4
types of NSCs are given below:
Name of NSCs Maturity...
Prochain SlideShare
Chargement dans…5
×
Prochain SlideShare
What to Upload to SlideShare
Suivant
Télécharger pour lire hors ligne et voir en mode plein écran

0

Partager

Télécharger pour lire hors ligne

About Sanchayapatra / Shonchoypotro AKA The National Savings Certificate (NSCs) in Bangladesh

Télécharger pour lire hors ligne

The simple idea or concept about what it is & how it is & how it works are discussed here in a simple way.

Livres associés

Gratuit avec un essai de 30 jours de Scribd

Tout voir
  • Soyez le premier à aimer ceci

About Sanchayapatra / Shonchoypotro AKA The National Savings Certificate (NSCs) in Bangladesh

  1. 1. National Savings Certificate (NSCs) or Sanchayapatra It is a financial instrument that is issued by BD Govt, not the Bangladesh Bank or other banks, but the Govt. only. Govt collect money through NSCs from general people, in exchange pay interests. It’s very popular to people due to comparative high interest rate & completely risk free than any other investments, because it comes directly from the Govt. When people buy NSCs, the money ultimately goes to the Internal Resources Division (IRD) & Monetary Fund (MF) of the BD Govt. People can buy NSCs form savings bureau, banks, or post offices. From there, it passes to BD bank branches, post master general (PMG) offices, or departmental accounts. Then it passes to BD bank head office, DAO, Director General (DG) of post office, or CAO postal. Then finally it passes to the IRD & MF through Controller general of accounts (CGA) or Department of national savings (DNS). There is a flow chart showing this.
  2. 2. People must need Identity Document to buy NSCs & also photos. NSCs are available in the Banks, Saving Bureau & Post Offices. That mean if a non- adult person wants to buy NSCs, he/she need to buy through an adult. Nominee info is also required for NSCs but not mandatory. There are total 10 types of NSCs but currently only 4 types are available in the market; Family, 3 Yearly, 5 Yearly & Pensioner. These types differ by eligibility of buyer, maturity time, interest rate, max buying limit & so on. Among these 4 NSCs types; the highest interest rate is offered by Pensioner NSCs & the lowest by 3 Yearly NSCs. And the rate differs based on maturity years. 5 & 3 Yearly NSCs can be bought by anyone. But Pensioner NSCs can be bought by retired person & family NSCs can be bought by women or disables. All the NSCs are 5 Years long except the 3 Yearly NSCs. Interest can be drawn every month for family & 5 Yearly NSCs; but for the 3 Yearly & Pensioner NSCs, interest can be drawn every 3 months. None is allowed to issue any loan against NSCs, but NSCs are transferable. With certain interest amount, NSCs can be retuned/cashed before maturity but not if less than one year matured. There is max limit for individuals while buying NSCs. The max limit is 30-50 lakhs based on the type of NSCs. Within this limit, 5% income tax is applicable but not if amount is less than 5 lakhs. If anyone buy NSCs which cross the max limit, he/she will not get any interest on the additional amount across the limit. If the original NSCs paper is lost or destroyed somehow, a duplicate can be issued. And if the NSCs buyer dies without leaving a nominee, his/her successor can get the money. In these both cases, there are some formalities to be maintained.
  3. 3. The above data are caparisoned after analyzed. The details of these 4 types of NSCs are given below: Name of NSCs Maturity Buy Limit Interest Rate Investors Eligibility Five-year Poribar Sanchayapatra. 5 years Singly: Tk. 45 Lac Interest payable after: 1st year @ 9.50%, 2nd year @ 10.00%, 3rd year @ 10.50%, 4th year @ 11.00%. on Maturity @ 11.52% (1) Any adult Bangladeshi female. (2) any Bangladeshi physically challenged male or female. (3) any Bangladeshi male or female above 65 years. Five-year Pensioner Sanchayapatra. 5 Years Singly: Tk. 50 Lac Interest payable after: 1st year @ 9.70%, 2nd year @ 10.15%, 3rd year @ 10.65%, 4th year @ 11.20%. on Maturity @ 11.76% (1) Retired Govt., Semi-Govt, Autonomous, Semi-Autonomous officials. (2) Retired justices of the Supreme Court. (3) Retired members of the Army. (4) Spouse and children of the deceased pensioner. Three-year Sanchaypatra paying quarterly profits. 3 Years Singly: Tk. 30 Lac Jointly: Tk. 60 Lac Interest payable after: 1st year @ 10.00%, 2nd year @ 10.50%, on Maturity @ 11.04% All classes of people Five-year Bangladesh Sanchayapatra. 5 Years Singly: 30 Lac Jointly: 60 Lac Organization: Unlimited Interest payable after: 1st year @ 9.35%, 2nd year @ 9.80%, 3rd year @ 10.25%, 4th year @ 10.75%. on Maturity @ 11.28% All classes of people There are also some min amount ranges of investing or purchasing of NSCs. 3 Yearly NSCs requires highest amount of price (100000 tk) for min investment & 5 Yearly NSCs requires lowest (10 tk). NSCs are so popular & demandable that Govt exceeds their target sale every year very quickly. Though the target group for sale is the low income people so that the Govt can help them financially, but most of the NSCs are somehow end up with the people with high income & savings.

The simple idea or concept about what it is & how it is & how it works are discussed here in a simple way.

Vues

Nombre de vues

3 190

Sur Slideshare

0

À partir des intégrations

0

Nombre d'intégrations

0

Actions

Téléchargements

6

Partages

0

Commentaires

0

Mentions J'aime

0

×